Automakers have experienced many setbacks since the shock of the pandemic and the problems associated with it. Supply chain disruption that has now been relaxed.
There is little respite as economic upheaval, soaring energy prices and China’s draconian pandemic measures threaten to put buyers off.
Still, many manufacturers like Mercedes are grappling with burgeoning order lists, and we haven’t seen much change in demand so far.
Q1 returns climbed to a record 16.4%. mercedes We shifted production to our most profitable vehicles before the second quarter dipped partly due to cost inflation.
Mercedes shares have fallen 18% this year, despite a luxury push that includes a focus on higher-performance vehicles.
Unlike Germany’s Volkswagen Group and BMW, Mercedes doesn’t have a strong anchor investor who can fend off outside approaches.
“Our magnification is too low,” said Kaerenius. “We believe there is a lot of value in our stock if we can see the coast on the other side of the transformation.”
While Mercedes is looking for more luxury buyers, other automakers are taking steps to spin off their EV businesses in an attempt to ignite their struggling stocks.
The Mercedes CEO has denied any such move.
“There is only one Mercedes team,” said Kaerenius. “I don’t want to create the mentality that this is the current team and this is the future team.
It’s the wrong psychology of how to play the ultimate team sport of cars. ”
https://www.autonews.com/earnings-reports/why-mercedes-bullish-its-2023-forecast Why Mercedes is bullish on its 2023 forecast